Quotation Bauer, Stefan. 2012. A Literature Review on Operational IT Risks and Regulations of Institutions in the Financial Service Sector. In Proceedings of the 2012 International Conference on Information Resource Management (Conf-IRM 2012), Hrsg. Brandtweiner, Roman; Janczewski, Lech, 1-14. Vienna, Austria: WU Vienna University of Economics and Business.


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Abstract

In the last decade public authorities have put many global and local regulations for financial institutions into practice. Several of these regulations concern operational IT risks of financial institutions. For financial institutions using the Advanced Measurement Approach operational risk is important to calculate their minimum capital requirements. The objective of this paper is to provide a comprehensive literature review concerning operational risks, regulations and financial institutions. 37 scientific articles were analyzed and categorized by Basel II operational risk definition. Research gaps were identified in particular regarding the role of IT to balance of minimum capital requirements, the use of operational risk information systems and the discovery of toxic combinations of privileges within and outside of IT systems and services.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Contribution to conference proceedings
Language English
Title A Literature Review on Operational IT Risks and Regulations of Institutions in the Financial Service Sector
Title of whole publication Proceedings of the 2012 International Conference on Information Resource Management (Conf-IRM 2012)
Editor Brandtweiner, Roman; Janczewski, Lech
Page from 1
Page to 14
Location Vienna, Austria
Publisher WU Vienna University of Economics and Business
Year 2012

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Bauer, Stefan (Details)
Organization
Institute for Information Management and Control IN (Details)
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